Please Define the Following Key Terms

question 5

Essay

Please define the following key terms. Show Who? What? Where? When? Why Important?
-Saladin

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Definitions:

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, often referred to as the "I-knew-it-all-along" effect.

Useful Product

An item or service that fulfills a need, serves a purpose, or provides value to its users.

Marketing Approach

Strategies and tactics used by companies to promote, sell, and distribute a product or service to consumers.

Critical Thinking

A systematic scrutiny and appraisal of a subject to develop an informed verdict.